As discussed in the Second post in this Land Development Value series, your intended use is directly connected to the property’s zoning and the municipality’s vision for that package as it is expressed from the master or comprehensive plan. Your goal as a programmer is defined broadly: create some change to a land parcel to raise its value when you sell it. With that foundation in mind, the part of the process is currently deciding what to search for in a house. The criterion on your list should be a high quality location.You can change everything but you can never change its place. It is permanent and fixed. Forever is a very long time so if you are smart, you trade off place for a price or would not compromise. It is just too important to the picture. Where the parcel is situated directly affects the suitability, feasibility and ultimate value of this property development.
Several important factors are tied to place like whether utilities are available, the value assortment of neighboring properties, the kinds of presentland uses in the immediate area, the parcel’s visibility and its accessibility to public transport and the region’s road network.Since it depends upon the land development situation there is absolutely no cookie cutter definition. As a general principle, the setting of the parcel should complement and enhance what you need to do with it and your advancement scheme should dictate where you hunt for the features and property which you want the region to possess. These examples should give you some insight.The most profitable since fast-food operations, banks, gas stations and shopping facilities need visibility; use for parcels on local roads is a few species of retail. But they need to be accessible by customers. Businesses die where clients cannot get in and out of their properties by right or left turns. This is the reason you tend to find these kinds of facilities at intersections or corners.
By definition, retail applications create a good deal of passing traffic so municipalities are generally quite strict about where they will permit them to be found.The value of office properties could be enhanced if they are close to some kind of public transport with banks, restaurants and gas stations nearby. Factors which would tend to reduce the quality of places of for-sale home, such as power lines and water towers, generally do not negatively affect the value of non-residential properties. Properties Boulevard 88 singapore is closely aligned with office and retail concerning characteristics that were desirable. The next article used the illustration of a parcel near a commuter rail station as a prime candidate for multifamily housing. Apartment dwellers would be attracted to a complex that provided the ease of being within walking distance of public transport to them.